1405 Hwy 98, Mexico Beach, FL 32456

$1,299,000
List Price
$1,299,000
Status
ACTIVE
MLS#
317800
Acres
0.12
Region
Mexico/St. Joe Beach
Subdivision
Mexico Beach

Property Description

NEW LISTING - GULF FRONT vacant lot with 67' feet on the beach. A single-family home, duplex, or commercial business are all options allowed on this property as it's zoned general commercial. This is one of the few beachfront lots that you will find located in the coveted X flood zone providing for low-cost flood insurance and the ability to have additional square footage on the ground level. This property is ideal for a custom-built 5+ bedroom private home with a private pool that would be an excellent income producing vacation rental projected at $300K GRI annually. The lot is conveniently located within walking distance of restaurants, shops, and city parks. The property next-door on the west side is owned by the city of Mexico Beach so you don't have to worry about anyone else building next to you. The water and sewer taps are paid. No HOA or fees. No buildout time. Make an offer. Call your Realtor today!

Additional Information

Lot Dimensions
67x80
Waterfront Description
Gulf Front

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Mexico Beach Harmon Realty Inc.